Laurus Labs Ltd.

Financial

	Laurus Labs	PI Industries	Aurobindo Pharma
Operational Metrics
API Sector
US DMF Filings	83.0 .	n/a	283.0 .
Pharmaceutical Sector
Number of ANDA's Filed in Europe	18.0	n/a	n/a
Number of ANDA's Approved in Europe	14.0	n/a	n/a
Number of ANDA's Filed in USA	39.0 .	n/a	820.0 .
Number of ANDA's Approved By USFDA	30.0 .	n/a	672.0 .
Number of ANDA's Approved by Canada	14.0	n/a	n/a
Number of ANDA's Filed in Canada	21.0	n/a	n/a
R&D as a % of Total Sales	4.8 %	n/a	5.41 %
Financials
5 yr Average ROE	20.49 %	16.01 %	15.24 %
5yr average Equity Multiplier	2.07	1.59	1.59
5yr Average Asset Turnover Ratio	0.76	0.64	0.72
5yr Avg Net Profit Margin	12.66 %	15.8 %	13.0 %
Price to Book	5.9	6.94	2.4
P/E	151.15	34.79	24.37
5yr Avg Cash Conversion Cycle	86.64 Days	30.17 Days	-29.67 Days
Inventory Days	104.93 Days	71.45 Days	60.22 Days
Days Receivable	88.66 Days	44.38 Days	30.42 Days
Days Payable	140.44 Days	101.84 Days	111.73 Days
5yr Average Interest Coverage Ratio	9.21	48.31	43.11
5yr Avg ROCE	24.83 %	18.47 %	18.43 %
5yr Avg Operating Profit Margin	24.94 %	24.01 %	20.43 %
5 yr average Debt to Equity	0.57	0.06	0.27
5yr CAGR Net Profit	52.94 %	24.55 %	-4.01 %
5yr Average Return on Assets	9.8 %	10.13 %	9.53 %
Shareholdings
Promoter Holding	27.19 %	46.09 %	51.83 %
Share Pledged by Promoters	0.0	0.0	20.86 %
Change in Promoter Holding (3 Yrs)	-0.26 %	-0.65 %	-0.11 %
Change in Mutual Fund Holding (3 Yrs)	4.63 %	1.13 %	8.99 %

Business

	Laurus Labs	PI Industries	Aurobindo Pharma
Product Wise Break-Up	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 48.0 Formulations 31.0 Synthesis 18.0 Bio 3.0 Ingredients 0 Formulations 0 Active Ingredients and Intermediates 0 API 0	Product Wise Break-Up Active Pharmaceutical Ingredient (API) 78.31 API 0 Formulations 20.54 Ingredients 0 Bio 0 Synthesis 0 Active Pharmaceutical Ingredient (API) 0 Others 1.15	Product Wise Break-Up Active Ingredients and Intermediates 0 Active Pharmaceutical Ingredient (API) 13.98 Formulations 86.02 Ingredients 0 Bio 0 Synthesis 0 Active Pharmaceutical Ingredient (API) 0
Location Wise Break-Up	Location Wise Break-Up Europe 48.0 Rest of the World 40.0 North America 12.0 India 0 Asia Ex India 0 USA 0	Location Wise Break-Up USA 0 Europe 0 India 14.04 Rest of the World 85.96 Asia Ex India 0 North America 0	Location Wise Break-Up USA 51.1 Europe 23.5 India 11.0 Rest of the World 14.4 Asia Ex India 0 North America 0